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Debt: Dim Prospects For What Was Once America's Greatest Exp

 
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balor123



Joined: 08 Mar 2008
Posts: 1204
PostPosted: Sat Mar 06, 2010 5:20 pm GMT    Post subject: Debt: Dim Prospects For What Was Once America's Greatest Exp Reply with quote
Debt: Dim Prospects For What Was Once America's Greatest Export Success Story

Why is this related to housing? Check out the author's comment:

Quote:
What that says is that it wasn't so much "uncompetitive" US labor that drove everyone to set up their manufacturing in SEZ in China, more like it was uncompetitive housing
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GenXer



Joined: 20 Feb 2009
Posts: 703
PostPosted: Mon Mar 08, 2010 3:04 pm GMT    Post subject: Reply with quote
Probably wages rose fast in US, and it was thought that outsourcing is saving money. Though right now I've read that countries like India outsource stuff to the US. And now we know that some types of outsourcing are really not cheaper in China. Housing is but one variable in the mix.
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